Beacon Investment Advisory Services Inc. Sells 33,998 Shares of The Home Depot, Inc. $HD

Beacon Investment Advisory Services Inc. cut its stake in The Home Depot, Inc. (NYSE:HD) by 78.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,425 shares of the home improvement retailer’s stock after selling 33,998 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Home Depot were worth $3,324,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Sterling Investment Advisors Ltd. grew its holdings in shares of Home Depot by 0.8% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 20,262 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 159 shares in the last quarter. Stableford Capital II LLC increased its position in shares of Home Depot by 2.7% in the second quarter. Stableford Capital II LLC now owns 3,020 shares of the home improvement retailer’s stock worth $1,065,000 after purchasing an additional 78 shares during the period. XY Planning Network Inc. raised its stake in Home Depot by 2.0% in the second quarter. XY Planning Network Inc. now owns 1,646 shares of the home improvement retailer’s stock valued at $580,000 after purchasing an additional 33 shares in the last quarter. Ramsay Stattman Vela & Price Inc. lifted its position in Home Depot by 0.6% during the second quarter. Ramsay Stattman Vela & Price Inc. now owns 34,596 shares of the home improvement retailer’s stock worth $12,201,000 after purchasing an additional 196 shares during the period. Finally, CORDA Investment Management LLC. lifted its position in Home Depot by 3.2% during the second quarter. CORDA Investment Management LLC. now owns 3,791 shares of the home improvement retailer’s stock worth $1,337,000 after purchasing an additional 119 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Michael Rowe sold 710 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the sale, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 over the last 90 days. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Guggenheim reissued a “buy” rating and issued a $425.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Piper Sandler cut their price target on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Evercore reduced their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. DA Davidson reissued a “buy” rating and issued a $377.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Oppenheimer lowered their price objective on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research report on Monday, May 18th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $375.54.

Home Depot Stock Performance

NYSE:HD opened at $313.58 on Wednesday. The stock’s 50-day moving average is $337.98 and its 200-day moving average is $335.09. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The stock has a market cap of $312.86 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 3.53 and a beta of 0.95.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the business earned $4.68 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, September 3rd. Home Depot’s payout ratio is 65.22%.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.